Oil prices rise more than 2% after China announces stimulus measures
Oil futures rose Tuesday morning, lifted after China announced a range of stimulus measures aimed at boosting the economy of the world’s largest crude importer.
KKR’s Pete Stavros launches group promoting stock ownership for employees
Pete Stavros, a high-ranking executive at private-equity firm KKR & Co. Inc. known for rewarding staff with stock, on Tuesday launched an organization aimed at...
Walmart’s stock rises toward a record as another analyst turns bullish
Walmart’s stock was headed back into record territory on Tuesday, as Truist turned bullish on the discount retailer amid accelerating market-share gains.
This Social Security-style pension plan did everything right but still missed its benchmark
Even this top-performing pension plan has found it hard to beat low-fee passive investments.
Levi’s CEO says goal of $9 billion to $10 billion in annual revenue by 2027 will be pushed back
Levi Strauss & Co.’s goal of generating $9 billion to $10 billion in annual revenue by 2027 will be pushed back as the denim-clothing company...
TikTok Music to close down after clash with world’s top record label
TikTok Music failed to renegotiate its contract with Universal Music Group following a prolonged clash between the two companies
Treasury yields rise as China stimulus lifts global growth hopes
U.S. bond yields rose early Tuesday after the People’s Bank of China revealed an extensive stimulus package designed to revive the world’s second biggest economy.
Eli Lilly’s Alzheimer’s treatment Kisunla wins approval in Japan
Japan, with its rapidly aging population, is expected to have more than 5 million patients with dementia by 2030. Alzheimer’s is the most common form...
Would a 60% tariff on Chinese imports hurt China or the U.S. more?
Trump’s proposal would be costly for Americans, but the Biden administration needs to do more.